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Jan 14, 2013
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ceiling issue. i know you have said you're not negotiating that. your administration has ruled out the various ideas that have been out there, the 14th amendment that just this morning house -- one of the house democratic leaders asked you to use the 14th amendment, and even said sometimes that's what it takes. he brought up the emancipation probleming clamation. he compared the debt ceiling to that. are you considering a plan b? if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. so there's a very simple solution to this. congress authorizes us to pay our bills. if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell had a proposal like that last year, and i'm happy to accept it, but if they want to keep this responsibility, then they need to go ahead and get it done. the
ceiling issue. i know you have said you're not negotiating that. your administration has ruled out the various ideas that have been out there, the 14th amendment that just this morning house -- one of the house democratic leaders asked you to use the 14th amendment, and even said sometimes that's what it takes. he brought up the emancipation probleming clamation. he compared the debt ceiling to that. are you considering a plan b? if not, why not? >> well, chuck, the issue here is whether...
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Jan 14, 2013
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the issue is not the debt ceiling. the issue is the fundamental core problems of the country and the inability of our congressional leaders and our political class to actually solve them. >> neil: how is it that you are home to some of best? >> they are good for you. >> neil: ron shaich, just a message from wall street. okay. did you hear the one about teacher did not like her students and thoughts about a phobia that is now a lawsuit. we're going try this. what do we want to build next ? that's the question. every day. when you have the most advanced tools, you want to make something with them. something that helps. helps safeguard our shores. helps someone see through a wall of fire. helps those nowhere near the right doctor stand a chance. ... feeling in the extremities ? no. technology can do that. who can tell me the third life cycle stage of the frog ? it can take a sick kid to school. nathan. tadpole. and help ensure a constant supply of clean energy. the things we build share one belief. that the world's bigges
the issue is not the debt ceiling. the issue is the fundamental core problems of the country and the inability of our congressional leaders and our political class to actually solve them. >> neil: how is it that you are home to some of best? >> they are good for you. >> neil: ron shaich, just a message from wall street. okay. did you hear the one about teacher did not like her students and thoughts about a phobia that is now a lawsuit. we're going try this. what do we want to...
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Jan 15, 2013
01/13
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i think we should extend, if not end the debt ceiling issue. we should just set it aside for it through a period of time. we should tackle a sequestration then we have to do that in the next six weeks. so i hope that we don't drag this out as some people are saying and then move onto a serious serious discussion of tax reform. and entitlement issues. so i see it in a sense the opposite way. i say let's get this done, and a sequestration part in the debt ceiling the next six weeks and then move on. those who are saying let's do a triple feature both, they are the ones who would be underwriting the effort to sit down and have a serious discussion of tax reform entitlements. >> we have about two minutes left. francine. >> i have a question about itemize deductions. what's your thought on having a cap on itemize deductions that people can use for whatever they want. mark h. word whatever. >> the problem with a cab is that it has to seriously consequence, especially for charitable contributions. because a substantial portion of the charitable contri
i think we should extend, if not end the debt ceiling issue. we should just set it aside for it through a period of time. we should tackle a sequestration then we have to do that in the next six weeks. so i hope that we don't drag this out as some people are saying and then move onto a serious serious discussion of tax reform. and entitlement issues. so i see it in a sense the opposite way. i say let's get this done, and a sequestration part in the debt ceiling the next six weeks and then move...
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Jan 20, 2013
01/13
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you have written about h how dangerous this ithe wewe are not fuy down but - -- >> t the debt ceiling isis a very teorary issue. what the bond rating agencies are focused on is that we ve gone to the point where we cannot come up with taxing ructure. we're getting into o the kinds of situations that italy is in. >> where are the specific prosals? >> i will givyou a propol if you want to be ththat way.. t's raise everybody's taxes. if you a goi to p the ququestionons to me, let me resespond but l's say we increase everybody's tataxes by 25%. everybody's taxes, that is it. you sll have an $800 billi deficit. it would likely shrink the ecomy so you're not would b be smaller. we're getting to the point -- we cannot tax ouray out. that is why we wilill be downgraded.. >> that is it for our roundtable. we will be back with some closing notes after the break. >> thank you for joining us. you have options on how to connect with "washington business report." twter, facebook, and youan find a streaeamingersi of the show on wjla.com. we hope to see you back again next sunday. thank you for joini
you have written about h how dangerous this ithe wewe are not fuy down but - -- >> t the debt ceiling isis a very teorary issue. what the bond rating agencies are focused on is that we ve gone to the point where we cannot come up with taxing ructure. we're getting into o the kinds of situations that italy is in. >> where are the specific prosals? >> i will givyou a propol if you want to be ththat way.. t's raise everybody's taxes. if you a goi to p the ququestionons to me, let...
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Jan 16, 2013
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. >> even though we have been through this with the debt ceiling issue, what exactly would happen if congress did got raised the debt ceiling in what makes it a dangerous option of? >> our credit rating would go down and how would we pay the bills? how would we pay social security? how would be paid veterans? >> there is no money? >> the republicans say pick and choose. so let's have a vote. who do we pack? -- pick? the president was right to say, in my judgment, to the republicans, don't do it. you are playing with fire. >> why? why are we playing with fire? what would happen? >> those are two different questions. the republicans have an idea. we have been through this with a credit rating. they know what would happen so they say pick and choose. the president made clear we're not talking about future expenses but paying for what congress has voted. pick and choose is something at this point* is theoretical but will become very real without spelling out. you will not pay soldiers or send out social security checks are paid defense contractors? that is what is involved. >> of democra
. >> even though we have been through this with the debt ceiling issue, what exactly would happen if congress did got raised the debt ceiling in what makes it a dangerous option of? >> our credit rating would go down and how would we pay the bills? how would we pay social security? how would be paid veterans? >> there is no money? >> the republicans say pick and choose. so let's have a vote. who do we pack? -- pick? the president was right to say, in my judgment, to the...
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Jan 18, 2013
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i think we should extend, if not and the debt ceiling issue. we should set it aside for a considerable period of time. we should tackle sequestration and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying and then move on to the serious discussion of tax reform and environment issues. so i see it in a sense the opposite way. i say let's get this done, the sequestration part in the debt ceiling in the next six weeks and then move on. those who are saying let's do it dribble by turbo, they are the ones who would be undermining the effort to sit down and have a serious discussion of tax reform. >> we've got about two minutes left. francine. >> the question about itemize deductions. what s-sierra thought of having a cab, that people can use it for whatever they want for mark h., whatever. >> i think the problem with the cap is that it has to seriously consequence, especially for charitable contributions. because a substantial portion of the charitable contributions come from the very wealt
i think we should extend, if not and the debt ceiling issue. we should set it aside for a considerable period of time. we should tackle sequestration and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying and then move on to the serious discussion of tax reform and environment issues. so i see it in a sense the opposite way. i say let's get this done, the sequestration part in the debt ceiling in the next six weeks and then move on....
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Jan 18, 2013
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house republicans say they are prepared to raise the roof on the debt ceiling for another three months, a bit of a breather. in return they want guarantees from democrats that congress will work quickly to pass a budget so it can focus how to bring down the nation's debt. >>> security will certainly be tight near the capitol for the upcoming inauguration and the coastguard will keep a close eye on the rivers through the city. increased security is in place on the potomac between the key bridge and reagan national airport already. on the anacostia patrols will extend from the 14th street bridge to the 295 bridge, but from sunday through tuesday water traffic along those waterways will be closed entirely for 48 hours. >>> while the president's been working on his speech his staff has had to respond to a petition signed by 34,000 people demanding that the government build a death star, that is, death star as in the ds1 orbital battle station, you know, the one from star wars. maybe that's why the white house is changing the rules for those online petitions and bruce leshan is here to tell
house republicans say they are prepared to raise the roof on the debt ceiling for another three months, a bit of a breather. in return they want guarantees from democrats that congress will work quickly to pass a budget so it can focus how to bring down the nation's debt. >>> security will certainly be tight near the capitol for the upcoming inauguration and the coastguard will keep a close eye on the rivers through the city. increased security is in place on the potomac between the...
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Jan 20, 2013
01/13
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the republicans determination to shut down government, to let the debt ceiling hang out, to risk a loss of credit, are they still on that same front? >> i think they are seeing the handwriting on the wall. when you look at these bipartisan votes, you have paul ryan voting for higher taxes. you have both ryan and rubio voting for immigration reform now. and i think you're going to see enough votes in the center to raise the debt ceiling without any kind of -- chris: are they jumping shark on this? >> i think so. i think the public is certainly sick of it. and i also think the business community doesn't want to hear anything about shutting down the government. chris: you're the expert. i real me mean this. people advise me on making financial decisions. they think the economy looks pretty good. don't mess it up. >> it does look pretty good, as best we can tell. the one thing to remember is it's not just the debt ceiling. it's these automatic cuts that are scheduled to take place march 16789 the debt ceiling isn't their only opportunity to try to get the president to agree to cuts. there a
the republicans determination to shut down government, to let the debt ceiling hang out, to risk a loss of credit, are they still on that same front? >> i think they are seeing the handwriting on the wall. when you look at these bipartisan votes, you have paul ryan voting for higher taxes. you have both ryan and rubio voting for immigration reform now. and i think you're going to see enough votes in the center to raise the debt ceiling without any kind of -- chris: are they jumping shark...
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Jan 14, 2013
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we've got a debt ceiling issue that the president's going to have to deal with. there are a lot of other issues the president's going to have to deal with, immigration reform. i think the president's going to have to spend time on this whether he wants to or not. >> connie mack, nice to see you. >> nice to see you. >> please tell your lovely wife we're sorry she lost all her luggage and was stuck at the airport. >> love you, honey. >> we'll get back to john berman with a look at some of the other stories ahead this morning. >>> we'll be talking about the golden globes. ben affleck didn't get nominated for an oscar, but his surprise win at the globes may be vindication. we'll have that, the other surprises, and the big snubs in a live report. >>> he's known for his role on "breaking bad," but actor steven michael casada has a new role to play, local school board member. you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can tra
we've got a debt ceiling issue that the president's going to have to deal with. there are a lot of other issues the president's going to have to deal with, immigration reform. i think the president's going to have to spend time on this whether he wants to or not. >> connie mack, nice to see you. >> nice to see you. >> please tell your lovely wife we're sorry she lost all her luggage and was stuck at the airport. >> love you, honey. >> we'll get back to john berman...
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Jan 17, 2013
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now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they did in 2011, all our investments will get hit. the stock market will go down as it did in a big way in the summer of 2011. on the other hand, if they extend the limits, the debt ceiling limit and do something more, maybe not a grand compromise, something more in terms of deficit reduction, my guess is the market will kind of shrug it off. they won't get upset. the issue is in the end what happens in the run-up read the political run-up to the waiter with the market reacting as we are going down the wire because they will not default. the u.s. will not default on its debt. adam: you have the billionaire coke bro
now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they...
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Jan 18, 2013
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. >> even though we've been through this, i go back to the debt ceiling issue, and can you tell me what would happen if congress did not raise the debt ceiling, and if that would make it such a dangerous option for going forward. >> i think our credit rating would go down, and how would we pay the bills? how would we pay social security? how would we pay veterans? >> [inaudible] >> no. the republicans are saying pick and choose. let's have a vote here. which ones would we pick? which ones would not occur right away? i mean, the president was right to say, in my judgment, to the republicans, don't do it, you're playing with fire. >> i don't understand that, i guess. >> why what? >> why are they playing with fire? what would happen? >> those are two different questions. i think the republicans have some idea of what would happen. we've been through this with the credit rating. i think the sense is they know what would happen until they say let's pick and choose. by the way, they have not said which they would pick and which would be left, and the president made clear we're not talking abo
. >> even though we've been through this, i go back to the debt ceiling issue, and can you tell me what would happen if congress did not raise the debt ceiling, and if that would make it such a dangerous option for going forward. >> i think our credit rating would go down, and how would we pay the bills? how would we pay social security? how would we pay veterans? >> [inaudible] >> no. the republicans are saying pick and choose. let's have a vote here. which ones would...
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Jan 16, 2013
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because i don't think the debt ceiling issue should become such a partisan issue. and i just appeal to the republicans who are having this retreat to realize that they should not place us in that kind of jeopardy. so there will be a hearing. we're going to work on witnesses today, settle them, and i hope the chairman and i will be resolving who will be the witnesses. they get the choice, the majority, but in this case i think there will be consternation as to who they pick and our choice. host: ok, all right. guest: we'll have one witness out of four. host: could it be secretary geithner? guest: no. host: do you think they'll call on him, the republicans? guest: no. host: tony, olive branch, mississippi. republican. hi, tony. caller: good morning. how you doing, senator? guest: where is olive branch? caller: it's down across the street from memphis, tennessee -- mississippi. guest: i've been across the bridge there. host: what's your question or comment? caller: my deal is when you talk about congress and everybody is looking at discretionary spending, i beg it dif
because i don't think the debt ceiling issue should become such a partisan issue. and i just appeal to the republicans who are having this retreat to realize that they should not place us in that kind of jeopardy. so there will be a hearing. we're going to work on witnesses today, settle them, and i hope the chairman and i will be resolving who will be the witnesses. they get the choice, the majority, but in this case i think there will be consternation as to who they pick and our choice. host:...
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Jan 15, 2013
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how are some of the top republicans responding to president obama on this debt ceiling issue? >> reporter: well, jon, republicans are clearly uncomfortable with prominent democrats already talking about a tax increase when you consider the fiscal cliff deal raised taxes and every worker with a payroll tax hiring expiring and raised taxes on upper income americans even further, check your pay stub. a leading republican says responding to the president what's critical is getting spending under control. >> it's a compelling message saying we ned to pay the bills we've racked up. of it messes the whole point again. think of it in terms of a credit card. in you have a son or daughter who exceeds the limit, the first thing you do is rip up the card, the second thing you do is you say you need to change your spending habits. >> reporter: they say we need to a just what bills we are paying and how they are paying. jon: the issue of depending on disaster relief could provide tkraeupl drama there on capitol hill. >> reporter: speaker john boehner promised that the house would take up sa
how are some of the top republicans responding to president obama on this debt ceiling issue? >> reporter: well, jon, republicans are clearly uncomfortable with prominent democrats already talking about a tax increase when you consider the fiscal cliff deal raised taxes and every worker with a payroll tax hiring expiring and raised taxes on upper income americans even further, check your pay stub. a leading republican says responding to the president what's critical is getting spending...
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Jan 14, 2013
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debt ceiling is not a question of authorizing more spending. the issue here is whether or not america pays its bills. raising the debt ceiling does not authorize us to spend more. because this is about paying your bills. >> i do hope speaker boehner was listening. joining us in the studio is jonathan capehart from "the washington post" and in los angeles democratic strategist and nyu professor bob shrum. welcome to you both. professor shrum, we reached the debt ceiling two weeks ago today. the treasury department is giving us a few weeks of maneuvering room before we begin to default. and yet you have people like the heritage foundation saying today, default is not at issue. how many conservatives truly believe their tactics pose no risk whatsoever to the economy, particularly given what happened the last time they took the debt ceiling hostage? >> look, what heritage put out today is drivel. a transparent attempt -- >> drivel, this is the considered view of an important organization. >> yeah, whose president is jim demint. i don't take it all
debt ceiling is not a question of authorizing more spending. the issue here is whether or not america pays its bills. raising the debt ceiling does not authorize us to spend more. because this is about paying your bills. >> i do hope speaker boehner was listening. joining us in the studio is jonathan capehart from "the washington post" and in los angeles democratic strategist and nyu professor bob shrum. welcome to you both. professor shrum, we reached the debt ceiling two weeks...
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Jan 17, 2013
01/13
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you have the sequestered, the debt ceiling, and you have the continuing resolution. the sequestered and debt ceiling fall on top of each other towards the end of february. these to say and republican leadership and the senate, which is served in for 12 years, you never take a hostage you cannot shoot. the problem with the house was they took hostage the cannot shoot when they took the fiscal cliff. if the republican members of congress take the debt ceiling as a hostage, it is a hostage you cannot shoot. as a very practical matter, if we go over the debt ceiling, we do not increase the debt ceiling, republicans will not win the debate. they will argue they are not increasing it because they do not want to control spending but they will not win the debate. what will happen is the white house will pay with cash flow of the interest on the debt. the debt will not be called. what they might not pay our social security checks. the moment the american citizen figures out they may not go out, the game is over. tenfold. because believe me, though congress can stand up to the
you have the sequestered, the debt ceiling, and you have the continuing resolution. the sequestered and debt ceiling fall on top of each other towards the end of february. these to say and republican leadership and the senate, which is served in for 12 years, you never take a hostage you cannot shoot. the problem with the house was they took hostage the cannot shoot when they took the fiscal cliff. if the republican members of congress take the debt ceiling as a hostage, it is a hostage you...
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Jan 15, 2013
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of late, even getting -- when it comes to issues like bypassing the debt ceiling -- on congress's behalf. >> democrats are urging the president to use executive order to say congress, i don't node to you raise the debt ceiling, i am going to do it on my own. i want everybody to know,utive order -- high is not the first president and won't be the last to use executive order. frankslinrosis velt passed 37 executive orders and clinton and reagan did 350-plus. i am talking about policy issues of significant magnitude that need to have a full public vetting. the american people need tock engaged in the process. we need hearing on the matter ogun control, specifically. and we really need to talk about mental health and how we as a society are not embracing people with mental health issues. that's a bigger conversation, i know, neil. >> neil: thank you for indulging all of this breaking news and being on top of it. we told you about the mulvaney amendment, matching dollar for dollar, any aide they are getting in like-minded cuts from discretionary spending. that was defeated, as expected on the
of late, even getting -- when it comes to issues like bypassing the debt ceiling -- on congress's behalf. >> democrats are urging the president to use executive order to say congress, i don't node to you raise the debt ceiling, i am going to do it on my own. i want everybody to know,utive order -- high is not the first president and won't be the last to use executive order. frankslinrosis velt passed 37 executive orders and clinton and reagan did 350-plus. i am talking about policy issues...
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Jan 15, 2013
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there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there are more than one battle happening. where do you think the negotiations should take place? should be the debt ceiling or the continuing resolution to fund the government or sequestration? caller: the continuing revolution to keep the government going -- resolution. there are many departments we don't need. i was showing my grandchildr the debt clock, telling him how much money he would know when he becomes a taxpayer. he said he does not want to become a taxpayer. this is taxation without representation. they have to get this under control. they need a dyiet. host
there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there...
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Jan 13, 2013
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there are other issues that can be negotiated for spending and raising revenues and the debt ceiling should not be a part of it. host: ok, thank you for calling. here is the editorial cartoonist of the post. the idea of minting a single coin valued at $1 trillion. using that to increase the debt limit. a number of stories saying that basically, this is not going to happen. his is what is reclined -- this -- what ezra kline writes he points out that they will not mince a trillion dollar coin. if it did, the federal reserve would not accept it. at is in important point. the inclusion of the federal reserve is significant. the platinum coin idea to work, the fed would have to retreat it as a way to create currency. next call is bob from idaho, independent line. caller: good morning. as i was waking up, i turn on c- span. i heard the representative from nebraska making remarks. i would like to point out to her that ronald reagan thought the social security has nothing at all to do with the national debt. it is fine. it has nothing to do with the budget at all. ronald reagan was adamant a
there are other issues that can be negotiated for spending and raising revenues and the debt ceiling should not be a part of it. host: ok, thank you for calling. here is the editorial cartoonist of the post. the idea of minting a single coin valued at $1 trillion. using that to increase the debt limit. a number of stories saying that basically, this is not going to happen. his is what is reclined -- this -- what ezra kline writes he points out that they will not mince a trillion dollar coin. if...
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Jan 18, 2013
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the reports show lingering concern over remaining fiscal issues like the debt ceiling. venture capitalist tightened their belts last year. according to the money street study startup investment fell. taking out more money than you have to the next time you're at the atm will soon be a thing of the past. at least for some customers. that is the latest from the fox business network. giving you the power to prosper. ♪ [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. ♪ dagen: research in motion looking to win big with the release of its new blackberry ten did the smart phone will be unveiled later this month. connell: we will see what happens. paying developers big bucks and apparently everything else. sandra: skeptical. investors are not so skeptical. the s
the reports show lingering concern over remaining fiscal issues like the debt ceiling. venture capitalist tightened their belts last year. according to the money street study startup investment fell. taking out more money than you have to the next time you're at the atm will soon be a thing of the past. at least for some customers. that is the latest from the fox business network. giving you the power to prosper. ♪ [ male announcer ] where do you turn for legal matters? maybe you want to...
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Jan 15, 2013
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it was the sole solution to the debt ceiling in august of 2011 in the u.s. downgraded last time. so all these issues are important and it's very important that congress take necessary action to raise the debt ceiling to avoid a situation where government doesn't pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in a deal, it certainly went part way, but leaves a number of issues still on the table. would you care to raise that as an additional fiscal cliff that is facing us? would you think that it's not as concerning as it was when you raise that term initially? >> as i said the fiscal cliff, if it is allowed to take place, it probably would have traded a recession this year. a good bit of that has been addressed. nevertheless, we still have fairly restrictive fiscal policies now. it is estimated that federal fiscal policy will we have quite a bit to do to address the their long-term sustainability issues. there's a lot more work to do. let me be very clear about that. it's going to be a long haul and it's not go
it was the sole solution to the debt ceiling in august of 2011 in the u.s. downgraded last time. so all these issues are important and it's very important that congress take necessary action to raise the debt ceiling to avoid a situation where government doesn't pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in a deal, it certainly went part way, but leaves a number of issues still on the table. would you care to raise...
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Jan 16, 2013
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scared us with the election, scared us with the fiscal cliff and now scaring us with the debt ceiling. what are you going to scare us with about washington after that's over and you faked everyone out and got them to sell? i rolled my eyes, i defended myself, saying all three of threes issues are and are worthy of worry and i told people to stay the course, like he could care. he said, again, what washington horror story are you going to gin up, cramer? and i said impact on spending of higher taxes, coming affordable care act, instead i said wisely no, that's it. maybe it would be good if you focused on the stock market again. ouch! but it did get me thinking. we have seen bank stocks go higher, today, last week, putting washington behind them. and it didn't look like the bank killing died, much impact on goldman sachs or yp morgan. high-end retails rally, and it incurred, and we keep acting as it has, and no increacessation e buying according to lennar, and the sandy bailout will kick in by the second quarter, home depot will fly. we're through two of the washington stumbling blocks,
scared us with the election, scared us with the fiscal cliff and now scaring us with the debt ceiling. what are you going to scare us with about washington after that's over and you faked everyone out and got them to sell? i rolled my eyes, i defended myself, saying all three of threes issues are and are worthy of worry and i told people to stay the course, like he could care. he said, again, what washington horror story are you going to gin up, cramer? and i said impact on spending of higher...
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Jan 18, 2013
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the house said they would vote on a debt ceiling bill next week. is this deal pushing off a bigger issue and how can you play it all to your advantage? liz: because we're a business network. what is the trade. a guy who believes he knows. larry mcdonnell, new edge director. we can not control the people in washington. we certainly can anticipate what they might do and trade off it. the debt ceiling, first of all, how big of a deal would it be to the markets in general? >> if they extended it 45 days, it would be relief. everybody is expecting march 1st problem. around december 10th looked like the president would meet the speaker. markets, beautiful rally from the december 10th to the 18th the markets rallied beautifully. from the 18th to the end of the markets dropped 4%, 4% from december 18th to the end of the year because all the good things we thought were happening behind the scenes fell apart. david: let me challenge you on that though. some people say they want to lock in the lower capital-gains tax rate at the old tax rates. therefore they
the house said they would vote on a debt ceiling bill next week. is this deal pushing off a bigger issue and how can you play it all to your advantage? liz: because we're a business network. what is the trade. a guy who believes he knows. larry mcdonnell, new edge director. we can not control the people in washington. we certainly can anticipate what they might do and trade off it. the debt ceiling, first of all, how big of a deal would it be to the markets in general? >> if they extended...
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Jan 16, 2013
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the and the debt ceiling is a restraint. what the democrats want is a blank check. i'm not sure it's constitutional because congress rules on the issue of money, not the executive branch. so, i'm not sure the constitutionality of it. if you did abolish this debt ceiling, you would pretty soon get yourself a downgrade. these rating agencies would say, your debt is just running away. you're not credit worthy. >> megyn: the debt ceiling is in place, it doesn't seem they trust our lawmakers to live within their moneys and with the money. when you look at 16.4 trillion, they're right, we're not living in our means. and there's a question, stu, you see that number, i think of my kids and think of my children. who is going to pay that number? it's probably not going to be me. >> right. >> megyn: it's probably going to be my kids. >> look, for what is it, 238 years america's had a principle, we sacrifice today for the benefit of our children in the future. you remove that debt ceiling and you totally reversed that financial principle. what you're saying is, we will make our
the and the debt ceiling is a restraint. what the democrats want is a blank check. i'm not sure it's constitutional because congress rules on the issue of money, not the executive branch. so, i'm not sure the constitutionality of it. if you did abolish this debt ceiling, you would pretty soon get yourself a downgrade. these rating agencies would say, your debt is just running away. you're not credit worthy. >> megyn: the debt ceiling is in place, it doesn't seem they trust our lawmakers...
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Jan 17, 2013
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the appropriate goal here whether the debate should occur, plus, if you use the debt ceiling as the issue, the president gets to talk about default, he gets to talk about social security, and from a republican standpoint, we should be talking about spending, spending restraint. so what's the logical place to do this? obviously, it's on the sequester. that's where the next pressure point should be, and we should have the debate over how much spending should be explained. the president said he'll do a two for one event, two dollars of spending for every dollar of revenue. $1.2 trillion of spending restraint, that makes sense. the two match up rather equally. .. >> the only way you can get agreements with both sides win by the way, if something like this. where there are a series of entitlement changes which do not impact immediately and leapfrog the president's term in office, so the price he will pay will not be significant any era of political capital, but which do very significant steps in getting our fiscal house in order. most of our entitlements concern that down the road driven event
the appropriate goal here whether the debate should occur, plus, if you use the debt ceiling as the issue, the president gets to talk about default, he gets to talk about social security, and from a republican standpoint, we should be talking about spending, spending restraint. so what's the logical place to do this? obviously, it's on the sequester. that's where the next pressure point should be, and we should have the debate over how much spending should be explained. the president said he'll...
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Jan 15, 2013
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, the debt ceiling, maybe the war in afghanistan could have gotten a word today, or a question are we really getting out. in the d.c. media they're concerned about who is at what cocktail party and what everybody is wearing and how come you're not talking to more people. meanwhile, the president said he puts out invitations to the white house all the time. >> we invite folks from congress over here all the time. sometimes they don't choose to come, and that has to do with the fact that i think they don't consider the optics useful for them politically. >> ah-ha. you can't get your picture taken with the president. that's not good. boehner has turned down invitations to five state dinners in a row. mitch mcconnell and three other republican senators turned down an invitation just to watch the movie "lincoln" over at the white house. it might have embarrassed them a little bit. these snubs are nothing new from republicans. it's dangerous politically for republicans to be seen at the white house. and there is always a tea party candidate close by, waiting to primary anybody who works wit
, the debt ceiling, maybe the war in afghanistan could have gotten a word today, or a question are we really getting out. in the d.c. media they're concerned about who is at what cocktail party and what everybody is wearing and how come you're not talking to more people. meanwhile, the president said he puts out invitations to the white house all the time. >> we invite folks from congress over here all the time. sometimes they don't choose to come, and that has to do with the fact that i...
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Jan 18, 2013
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it's not just raising the debt ceiling that he's going to have to deal with. but he's going to have to negotiate with the republicans and perhaps try to change the tax code. all of these things are things he's already signaled he wants to do. what's fascinating is that this is a president who wanted to be a domestic president in the last -- in his first term and he was saddled with an economic situation and two wars to deal with. now is a shot to be that domestic president and make some really big change. but he's going to have to work with republicans in the house in order to get big things accomplished. >> and clearly what he wants to do is have some influence on voters. and though the official announcement is expected today, we do know that obama for america is going to become this nonprofit supporting his agenda. what kind of influence could this have? >> well, i think if you're an obama supporter, you hope it has more influence than it did or what they tried to do during his first term. they talked a lot about this leveraging his campaign which everyone,
it's not just raising the debt ceiling that he's going to have to deal with. but he's going to have to negotiate with the republicans and perhaps try to change the tax code. all of these things are things he's already signaled he wants to do. what's fascinating is that this is a president who wanted to be a domestic president in the last -- in his first term and he was saddled with an economic situation and two wars to deal with. now is a shot to be that domestic president and make some really...
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Jan 14, 2013
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ceiling issue. i know you've said you're not negotiating and your administration has ruled out the various ideas that were out there, the 14th amendment, but just this morning one of the house members asked you to use the 14th amendment and said sometimes that's what it takes. he brought up the proclamation and he compared the debt ceiling to that. so are you considering a plan b? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so there is a very simple solution to this. congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and i'm happy to accept it. but if they want to keep this responsibility, then they need to go ahead and get it done. a
ceiling issue. i know you've said you're not negotiating and your administration has ruled out the various ideas that were out there, the 14th amendment, but just this morning one of the house members asked you to use the 14th amendment and said sometimes that's what it takes. he brought up the proclamation and he compared the debt ceiling to that. so are you considering a plan b? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a...
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Jan 20, 2013
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ceiling is one they don't want to fight over, and it's a bad result politically and economically for the country, and the sequestration, and they can tie some of the efforts to force the president's hand to cut spending to the other fights. >> the gop proposal that just came out calls for the house and senate to have some type of budget by mid april but doesn't include spending cuts, so can we view it as a concession on the republican's side. >> they don't want to get the blame for a potential default and what that would mean for the economy, and they would rather fight on things like shutting the governor down or automatic spending cuts going into effect, and they think that forces the president to negotiate. >> on "meet the press" this morning, what do you have? >> we will talk about the big issues dominate, the guns and debt, and senator schumer, and we have a political roundtable as we tee up the big things facing the president. >>> let's check in with chuck. >> beautiful weather outside early on your sunday morning. a cloudless sky over washington and the early morning rays of s
ceiling is one they don't want to fight over, and it's a bad result politically and economically for the country, and the sequestration, and they can tie some of the efforts to force the president's hand to cut spending to the other fights. >> the gop proposal that just came out calls for the house and senate to have some type of budget by mid april but doesn't include spending cuts, so can we view it as a concession on the republican's side. >> they don't want to get the blame for...
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the debt ceiling is not there now? >> even if you don't want to listen to the president, like, listen to fitch and moodies and all the rating agencies who say this is not an economic issue. this is a political crisis that the united states is going through right now. and the thing about this, rev, is that this is a policy without a constituency. who backs this? who backs the idea to say basically, we're going to spend and spend and spend. and when the bills come up, we're not going to debate how we're going to spend in the future. if you want to have a larger conversation about spending, then we can have a larger conversation about spending. the moment we confuse them is when we start damaging the long term prospects of where this country can be economically. >> but nia, in fairness, there have been, at least in this area, some prominent republicans that are starting to point out that this is a little too far up here. senator murkowski says if you incur an obligation, you have the responsibility to pay for that. and th
the debt ceiling is not there now? >> even if you don't want to listen to the president, like, listen to fitch and moodies and all the rating agencies who say this is not an economic issue. this is a political crisis that the united states is going through right now. and the thing about this, rev, is that this is a policy without a constituency. who backs this? who backs the idea to say basically, we're going to spend and spend and spend. and when the bills come up, we're not going to...
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Jan 16, 2013
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you have the whole issue of whether or not the debt ceiling is going to be raised, whether or not that is going to be held hostage to actually paying the bills the government has to pay. you also talk about immigration reform. where does this fit in in terms of the president's priorities, do you think? >> well, from where i sat today, obviously it seems to be a very high priority for the president of the united states. i'll let the white house and the administration answer how they're going to deal with congress. that's their task, not mine. but i'm confident that the president, the vice president and the entire administration is going to do everything they can to get the package they proposed today through congress. and, you know, when you heard the president say, i think it's essential, american citizens, the american people have to demand this. we have to act. when you have 1,000 people nearly killed in last 30 days at the hands of gun, when you have mass tragedies like happened in connecticut, aurora, colorado, oregon, enough is enough. and we have to act. we have to do whatever we
you have the whole issue of whether or not the debt ceiling is going to be raised, whether or not that is going to be held hostage to actually paying the bills the government has to pay. you also talk about immigration reform. where does this fit in in terms of the president's priorities, do you think? >> well, from where i sat today, obviously it seems to be a very high priority for the president of the united states. i'll let the white house and the administration answer how they're...
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Jan 18, 2013
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ceiling and the full faith and credit of the u.s., overwhelmingly agree with him on issues like taxes. 90% agree with him, for example, on universal background checks on the purchase of a weapon. it's very different from what happened with george bush when he won a very narrow victory in 2004 and then said he had a mandate and decided he had a mandate to privatize social security, which was deeply unpopular. the great strength of the president here is he knows what he wants to do, he's very focused, and he has the country with him. some of this stuff is going to be tough to get through congress and you may have to fight it in the midterms and beyond, but he's going to make real progress, i think, because of what he believes and because he's got the country with him. >> well, these are kind of fundamental issues for a president, guns and keeping the government going and fighting for his foreign policy team. it's not like he's looked for a fight. let's face it, newtown forced everybody to deal with this. >> newtown has changed everything. >> i don't think he's looking for a fight. i thi
ceiling and the full faith and credit of the u.s., overwhelmingly agree with him on issues like taxes. 90% agree with him, for example, on universal background checks on the purchase of a weapon. it's very different from what happened with george bush when he won a very narrow victory in 2004 and then said he had a mandate and decided he had a mandate to privatize social security, which was deeply unpopular. the great strength of the president here is he knows what he wants to do, he's very...
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president obama says he's willing to debate spending cuts, but that the debt ceiling should not be a link to a budget battle. >> verizon says it has made significant progress in dealing with issues stemming from last summer's deadly derecho. this comes after the virginia state corporation commission said 911 outages were caused by the company's failure to perform necessary maintenance. the panel also said verizon failed to monitor and respond to the outages which disrupted 911 service to nearly 2 million people in northern virginia. what a mess that was. nice to sea there getting on top of it. >> for the next big snowstorm. >> we did not need to worry about that so much yesterday. >> we were not calling to rub it in. >> i would rather take about the sunny skies you are predicting now. >> it was not a major storm. everything stays to our south and east. you have to be prepared this time of year for anything. here's a look at the satellite and radar picture. look at that swirl on the bottom of the animation. that shows the tract of the low. this was in its early stages. look at how it
president obama says he's willing to debate spending cuts, but that the debt ceiling should not be a link to a budget battle. >> verizon says it has made significant progress in dealing with issues stemming from last summer's deadly derecho. this comes after the virginia state corporation commission said 911 outages were caused by the company's failure to perform necessary maintenance. the panel also said verizon failed to monitor and respond to the outages which disrupted 911 service to...
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Jan 17, 2013
01/13
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uncertainty of the presidential election, uncertainty of the fiscal cliff and the sequester debt ceiling argument. we've gotten through two big bad events, only one more station on the gauntlet. it simply isn't as scary or as meaningful as the other two when it comes to the stock market or new business formation. sorry, it won't sell as many parents, it just won't. smart investors are making a bet they can't wait for the third of the three washington incursions to be finished. once a big bad event is passed, the risk of responding floods in. now we're about to finish the third leg of this political steeplechase, and we will be given a level of certainty we haven't had in ages. you want to wait for those people to come in? it could be investing nirvana, a guy in brooklyn, cramer, smart guy. you scared us with the election, you scared us with the fiscal cliff and now scaring us with the debt ceiling. what are you going to scare us with about washington after that's over and you faked everyone out and got them to sell? i rolled my eyes, i defended myself, saying that all three of threes iss
uncertainty of the presidential election, uncertainty of the fiscal cliff and the sequester debt ceiling argument. we've gotten through two big bad events, only one more station on the gauntlet. it simply isn't as scary or as meaningful as the other two when it comes to the stock market or new business formation. sorry, it won't sell as many parents, it just won't. smart investors are making a bet they can't wait for the third of the three washington incursions to be finished. once a big bad...
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Jan 19, 2013
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. >> so there's a sense of unlinking it from the sort of time-pressed issues that are about the debt ceiling and that sort of thing, because this is not really on that topic. >> it is not on that at all and we should de-link it in all of the discussions, and i do belief that the atmosphere is there for us to do so. >> congressman clyburn, i so appreciate your taking the time and it is nice to be in washington to speak with you. >> thank you so much for being with us. you are bringing a little sunlight. i want to tell your viewers what i saw out here before i got on here. >> the dancing that i do before the show. it does happen. up next, the insiders' guide to the gun debate. you heard of behind the scenes of nerdland, but there is behind the scenes on the big political issues of the day, and i want to ask about those when we come back. stress sweat. it's different than ordinary sweat. it smells worse, and it can happen any time -- to anyone! like when i ran to catch the train to work and a draft blew my skirt up and everybody here saw my unmentionables. yeah, and they aren't even cut
. >> so there's a sense of unlinking it from the sort of time-pressed issues that are about the debt ceiling and that sort of thing, because this is not really on that topic. >> it is not on that at all and we should de-link it in all of the discussions, and i do belief that the atmosphere is there for us to do so. >> congressman clyburn, i so appreciate your taking the time and it is nice to be in washington to speak with you. >> thank you so much for being with us. you...
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Jan 14, 2013
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so we have two issues here. one is a government shutdown. other is the debt ceiling. let me ask you again, would you be willing to shut the government down? >> we are going to look at all of these options. you know, there is the option of government shutdown. there is an option of raising the debt ceiling in short-term increments. >> would you be wailing to do that? >> i don't know. i just know that that's one of the things that is being floated, as you've seen in some of the articles. is raising it in short-term inyes increments. there's also the olympiplan of cuts of every $1 of debt limit increase. there are a lot of plans out there. the healthy thing is this. we are having a good discussion on it and the american people are very engaged in it. when i'm out in my district like i was last week and talking to my constituents, they will tell you, they are just -- they're over pay for programs they don't want, programs that have outlived their usefulness with money that we do not have. >> but with are they willing to see the government shut down? are you hearing that,
so we have two issues here. one is a government shutdown. other is the debt ceiling. let me ask you again, would you be willing to shut the government down? >> we are going to look at all of these options. you know, there is the option of government shutdown. there is an option of raising the debt ceiling in short-term increments. >> would you be wailing to do that? >> i don't know. i just know that that's one of the things that is being floated, as you've seen in some of the...
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Jan 18, 2013
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and willing to increase the debt ceiling. however, i think what is going to be a problem from the white house's perspective is that three months. i was speaking with a senior administration official a little earlier today and he sort of reiterated the fact that the president is opposed to this idea of increasing the debt ceiling in these small increments because it creates crises every couple of months. so that could be a potential problem moving forward, but what is significant i think in the eyes of the white house is house speaker john boehner has sort of abandoned this idea to increase the debt ceiling and tie it to dollar to dollar spending cuts. so from their perspective that represents some movement. i have been talking to my republican sources who say they feel confident that this plan to increase the debt ceiling and then to also sort of force congress' hand on the budget in three months is something that could get through both houses. we'll have to see. i expect that all of this debating will sort of be on pause on
and willing to increase the debt ceiling. however, i think what is going to be a problem from the white house's perspective is that three months. i was speaking with a senior administration official a little earlier today and he sort of reiterated the fact that the president is opposed to this idea of increasing the debt ceiling in these small increments because it creates crises every couple of months. so that could be a potential problem moving forward, but what is significant i think in the...
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Jan 15, 2013
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a statement that read "the american people do not support raising the debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved." joining us is amy kremer, chairwoman of the tea party express. thanks for coming in this morning. >> thanks for having me. >> safe bet you're against raising the debt ceiling without spending cuts. >> the problem is the spending cuts never come. the republicans find themselves in the situation all the time t happened with reagan and bush 41 and with the sequester, it's been put off for two months, the spending cuts never come and we cannot continue down this path with over $16 trillion in debt, and a deficit of $1.4 trillion to $1.6 trillion per year. we're spending $1.6 million per year than we're bringing in. >> you've accused the president of using scare tactics. what do you mean by that? do you think he's lying about what could happen? >> the thing is, you know what, first of all it's not cong
a statement that read "the american people do not support raising the debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved." joining us is amy kremer, chairwoman of the tea party express. thanks for coming in this morning. >> thanks for having me. >> safe bet you're against raising the debt ceiling without...
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Jan 18, 2013
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like the debt ceiling is weighing on the mind of consumers. that is the latest from the fox business network, giving you the power to prosper ashley: research in motion looking to win big with the release of its new blackberry 10. the smart phone being unveiled later this month. and there is news out today that the tech company's stock is getting an upgrade. shibani joshi has details on the rim buzz. shibani. >> the buzz keeps buzzing on this one, you can't really escape it. jeffries today upgrading the stock saying they believe the e-mail and bbm messenger service will be licensed to the iphone as well as to android phones that is licensing revenues for research in motion which it needs. also getting some apps out there and early traction with enterprise customers signing onto this. that is news lifting it higher today, all around up 98%, almost doubled in the last three months. ashley: so are the gains real? this of course has been a favorite of. >> this is interesting. we're starting to uncover this a little bit. short interest has been tre
like the debt ceiling is weighing on the mind of consumers. that is the latest from the fox business network, giving you the power to prosper ashley: research in motion looking to win big with the release of its new blackberry 10. the smart phone being unveiled later this month. and there is news out today that the tech company's stock is getting an upgrade. shibani joshi has details on the rim buzz. shibani. >> the buzz keeps buzzing on this one, you can't really escape it. jeffries...
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Jan 18, 2013
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to have a hard time with the debt ceiling. that 27 could go to 12. >> there is usually somewhere lower to go. thank you very much, john avalon. >>> all right, well "outfront" next, we are learning new details about the american hostages in algeria. the family of one hostage spoke with cnn's david mattingly today. he's been chasing that down and he is going to be "outfront" in a moment. and more trouble for boeing. the electric problem of the dreamliner leading more countries to ground planes from america's biggest company. about health care...se i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive
to have a hard time with the debt ceiling. that 27 could go to 12. >> there is usually somewhere lower to go. thank you very much, john avalon. >>> all right, well "outfront" next, we are learning new details about the american hostages in algeria. the family of one hostage spoke with cnn's david mattingly today. he's been chasing that down and he is going to be "outfront" in a moment. and more trouble for boeing. the electric problem of the dreamliner leading...